QUANTITY: 8.000.000 MT
SHIPMENTS: 200.000 MT for month (40 months)
INCOTERMS: CIF ASWP
PAYMENT INSTUMENT: 1:- Within 5 Working days of signing this contract by both sides, the Buyer shall issue a NON OPERATIVE, Irrevocable, Fully funded and Auto evolving, NON TRANSFERABLE, LETTER OF CREDIT CASE BY CASE.
2:- LETTER OF CREDIT
Buyer shall open Prime Bank a non operative, irrecocable, fully funded and auto revolving, non transferable letter of credit at sight in favor of the Seller for an amount in U. S. Dolars sufficient to cover the One Hundred Percent ( 100% ) value of the shipment to be made for the payments.
PERFORMANCE BOND: Within 5 working days after receipt of non-operative LC at Seller's bank, Seller shall issue 2%-3% performance bond for the value of Total Contract amount to Buyer's
TARGET PRICE: USD - 97,00 MT
COMISSION: USD 1.00 MT for my group.
The first shipment will occur 25-30 days after the Payment Instrument becomes operative and Will be according to the agreement
between Buyer and Seller.